Credit Suisse, Calpine Clash Over $7.9M Claim

Law360, New York (March 22, 2007, 12:00 AM EDT) -- Credit Suisse Group Inc. filed an objection Thursday to bankrupt energy provider Calpine Corp.’s request for a proof of the investment bank’s $7.9 million claim, arguing that the motion should be overruled.

Credit Suisse’s motion urges the U.S. Bankruptcy Court for the Southern District of New York to overrule Calpine’s request on the grounds that although they are contingent, the claims are valid.

The dispute centers on funding for Metcalf Energy Center LLC, an affiliate of Calpine created in 2005 to finance an electric power plant...
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